2
Major Housing Crisis in Southern California Over 220,000 new housing units needed annually to keep pace with population growth Nearly half of all renters pay over 30% of their income on rent Only 14% of LA County households can afford median priced home

7
Homeownership Out of Reach for Most Working Professionals Median price of condo has risen to $525,000, Single-family home has risen to $1.5 million An income of $130,000 is needed to purchase the median priced condo, and $390,000 is needed to purchase median priced home in Calabasas

9
Characteristics of Calabasas Senior Population Growing segment of population  9% > 65 years of age  10% between years of age 1/3 of senior households > 75 years of age 29% of senior households live alone ¼ of seniors have some type of disability

13
Why is Affordable Housing Important In Our Community? Strengthens the sense of community when people who work here also live here  Allows for multiple generations of families to remain in their community

14
Why is Affordable Housing Important in Our Community? Improves quality of life – less commuting, improved air quality  Enhances City’s ability to attract major employers and jobs